Finance & Compliance Analyst - Bermuda Operations
Finance & Compliance Analyst - Bermuda Operations

Finance & Compliance Analyst - Bermuda Operations

Full-Time 60000 - 80000 £ / year (est.) No home office possible
Reinsurance Group of America, Incorporated

At a Glance

  • Tasks: Join RGA as a Finance & Compliance Analyst and drive impactful finance and compliance projects.
  • Company: RGA, a Fortune 200 company focused on life and health solutions.
  • Benefits: Gain valuable experience, training opportunities, and work in a supportive environment.
  • Other info: Collaborate with global teams and access senior management for career growth.
  • Why this job: Make financial protection accessible while advancing your career in a dynamic industry.
  • Qualifications: Bachelor’s degree in finance or related field; 3+ years in finance/compliance roles required.

The predicted salary is between 60000 - 80000 £ per year.

You desire impactful work. You’re RGA ready. RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 200 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

A Brief Overview

The role is an excellent opportunity to join RGA's growing team in Bermuda and to gain valuable in-depth experience in the fast-growing long term reinsurance sector on the island. Reporting directly to the Bermuda Chief Financial Officer, and working closely with the Bermuda Head of Compliance, the successful candidate will contribute to high-profile finance and regulatory compliance initiatives managed by both the finance and compliance teams, providing direct project management skills and direct day-to-day reporting support, whilst gaining a deep understanding of RGA's global business and operations. The role has excellent access to RGA's senior management, growth, training and development opportunities and would be perfect for an ambitious and motivated insurance professional keen to take the next step in their career on island.

What you will do:

  • Financial Reporting: Contribute to the preparation of comprehensive finance management reports and Board presentations for senior leadership and the Board of Directors of RGA’s Bermuda registered legal entities.
  • Regulatory Reporting: Assist in preparation of materials, presentations and reports to be submitted to regulatory bodies, including the Bermuda Monetary Authority and Registrar of Companies.
  • Project Management: Lead and coordinate finance and compliance-related projects, ensuring timely delivery and stakeholder communication across RGA’s operations both in Bermuda and in other global RGA offices.
  • Compliance Process Development: Assist in designing and implementing compliance-specific internal control processes in line with Bermuda legal and regulatory requirements, and the RGA Global Compliance program.
  • Budget Management: Assist in developing, monitoring, and analyzing the operating expense budget of the Bermuda operations. Prepare ongoing analytical review and investigate variances.
  • Internal Controls: Support the continued design and implementation of legal entity-specific internal control processes and frameworks in compliance with international standards and local to ensure financial integrity.
  • Regulatory Reporting: Prepare compliance management reports and Board presentations in accordance with Bermuda regulatory requirements.
  • Treaty Compliance: Working with the Head of Compliance, Chief Pricing Officer and regional Business Development teams, develop and maintain and monitor a treaty compliance program, ensuring all internal and external reporting requirements established in reinsurance treaties are completed in a timely fashion.
  • Compliance Monitoring: Working with the Head of Compliance and RGA’s Global Compliance function to develop processes for ongoing monitoring of group compliance requirements, leveraging group compliance policies and procedures where practical.
  • Compliance Training: Coordinate regular and ad-hoc compliance training for Bermuda Home Office employees, including monitoring participation and ensuring the completion of scheduled mandatory training modules.

Qualifications:

  • Bachelor’s Degree in Arts/Sciences (BA/BS) in Finance, Accounting, Business Administration, or related field required.
  • Post‑graduate or professional qualification in related field, or in process of obtaining such qualification preferred.
  • 3+ Years experience in finance, regulatory and/or compliance roles in the Bermuda insurance and reinsurance industry required.
  • Previous experience with regulatory reporting and compliance programs required.
  • Project management experience required.
  • 5+ Years experience in finance and/or compliance roles in the Bermuda insurance and reinsurance industry preferred.
  • Excellent numeracy skills required.
  • Excellent data management skills required.
  • Understanding of Bermuda insurance and reinsurance regulations; regulatory framework; insurance or reinsurance reporting requirements required.
  • Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received required.
  • Investigative, analytical and problem solving skills required.
  • Must be able to travel as required.
  • Advanced knowledge and proficiency in MS Office applications (Word, Excel, PowerPoint, Teams, OneDrive, Sharepoint), required.
  • Working knowledge of other key business technologies including Project Management tools, Workflow Management (Workiva), databases, Artificial Intelligence tools and CRM, required.
  • Understanding of US GAAP, and Bermuda Statutory Accounting reporting preferred.
  • Knowledge of life, health, or annuity insurance products preferred.
  • Knowledge of BMA‑issued regulations, filing requirements and guidance notes as applicable to a Long‑Term insurer/reinsurer preferred.
  • Advanced knowledge of key technologies including key business technologies including Project Management tools, Workflow Management (Workiva), databases, Artificial Intelligence tools and CRM preferred.
  • Insurance or reinsurance industry certifications preferred.

What you can expect from RGA:

  • Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
  • Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
  • Join the bright and creative minds of RGA, and experience vast, endless career potential.

Finance & Compliance Analyst - Bermuda Operations employer: Reinsurance Group of America, Incorporated

RGA is an exceptional employer, offering a dynamic work environment in Bermuda that prioritises innovation and collaboration. Employees benefit from direct access to senior management, extensive training and development opportunities, and the chance to contribute to impactful finance and compliance initiatives within a Fortune 200 company. With a focus on personal growth and a supportive culture, RGA empowers its team members to thrive in their careers while making financial protection accessible to all.
Reinsurance Group of America, Incorporated

Contact Detail:

Reinsurance Group of America, Incorporated Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Finance & Compliance Analyst - Bermuda Operations

✨Tip Number 1

Network like a pro! Reach out to people in the finance and compliance sectors, especially those connected to RGA. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!

✨Tip Number 2

Prepare for interviews by researching RGA’s values and recent projects. Show us you’re not just another candidate; demonstrate how your skills align with our mission to make financial protection accessible. Tailor your responses to highlight your experience in regulatory reporting and project management.

✨Tip Number 3

Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers. Focus on articulating your experience in compliance and finance clearly, and be ready to discuss how you can contribute to RGA’s goals in Bermuda.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re genuinely interested in joining our team. Keep an eye on our careers page for the latest opportunities!

We think you need these skills to ace Finance & Compliance Analyst - Bermuda Operations

Financial Reporting
Regulatory Reporting
Project Management
Compliance Process Development
Budget Management
Internal Controls
Treaty Compliance
Compliance Monitoring
Compliance Training
Numeracy Skills
Data Management Skills
Understanding of Bermuda Insurance Regulations
Advanced Communication Skills
Analytical Skills
Problem-Solving Skills
Proficiency in MS Office Applications

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter to highlight your relevant experience in finance and compliance. We want to see how your skills align with the specific requirements of the Finance & Compliance Analyst role.

Showcase Your Project Management Skills: Since project management is key for this role, don’t forget to include examples of projects you've led or coordinated. We love seeing how you’ve managed timelines and communicated with stakeholders!

Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language that reflects your understanding of finance and compliance, as well as your ability to convey complex information effectively.

Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!

How to prepare for a job interview at Reinsurance Group of America, Incorporated

✨Know Your Numbers

As a Finance & Compliance Analyst, you'll need to demonstrate your strong numeracy skills. Brush up on key financial concepts and be ready to discuss how you've applied them in previous roles. Be prepared to share specific examples of financial reports or compliance projects you've worked on.

✨Understand Regulatory Frameworks

Familiarise yourself with Bermuda's insurance and reinsurance regulations. Show that you understand the regulatory landscape and can navigate it effectively. This will not only impress your interviewers but also demonstrate your commitment to compliance and regulatory reporting.

✨Project Management Prowess

Since project management is a key part of this role, come equipped with examples of projects you've led or coordinated. Highlight your ability to communicate with stakeholders and ensure timely delivery. Use the STAR method (Situation, Task, Action, Result) to structure your responses.

✨Showcase Your Communication Skills

Advanced oral and written communication skills are essential for this position. Practice articulating complex financial concepts in a clear and concise manner. Prepare to discuss how you've effectively communicated with senior management or regulatory bodies in the past.

Finance & Compliance Analyst - Bermuda Operations
Reinsurance Group of America, Incorporated

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